Just to fix Max Keiser:If you shutdown the internet you can surely store your coins on a paperwallet .. to be more precise .. you can store the privkey on paper that allows to access satoshis on the blockchain

Just to fix Max Keiser:If you shutdown the internet you can surely store your coins on a paperwallet .. to be more precise .. you can store the privkey on paper that allows to access satoshis on the blockchain

BUT you will not be able to send a transaction WITHOUT internet ...

people need to realize that this kind of tech ONLY WORKS ONLINE! ...

You don't actually need Internet. You only need electricity. You can transmit using any electronics means such as visible light, microwave, or radio.

Just to fix Max Keiser:If you shutdown the internet you can surely store your coins on a paperwallet .. to be more precise .. you can store the privkey on paper that allows to access satoshis on the blockchain

BUT you will not be able to send a transaction WITHOUT internet ...

people need to realize that this kind of tech ONLY WORKS ONLINE! ...

You don't actually need Internet. You only need electricity. You can transmit using any electronics means such as visible light, microwave, or radio.

Not really correct ... the blockchain is a decentralized ledger and ensures that all participants share the same ledger .. if you had no internet .. you couldn't share the ledger ..

Just to fix Max Keiser:If you shutdown the internet you can surely store your coins on a paperwallet .. to be more precise .. you can store the privkey on paper that allows to access satoshis on the blockchain

BUT you will not be able to send a transaction WITHOUT internet ...

people need to realize that this kind of tech ONLY WORKS ONLINE! ...

You don't actually need Internet. You only need electricity. You can transmit using any electronics means such as visible light, microwave, or radio.

BTSX depends upon the internet slightly more than BTC due to the tight timing requirements of the 10 second blocks.

Logged

For the latest updates checkout my blog: http://bytemaster.bitshares.orgAnything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else. These are merely my opinions and I reserve the right to change them at any time.